APTARGROUP, INC. ATR
Aptar is a global leader in the design and manufacturing of drug and consumer product dosing, dispensing and protection technologies. Aptar serves diversified end markets including pharmaceutical, fragrance, facial skincare, color cosmetics, food, beverage, personal care and home care. Using proprietary design, engineering, materials science, and manufacturing capabilities, Aptar supports customers across these end markets by enabling safe, functional, and differentiated product and service delivery. Aptar is headquartered in Crystal Lake, Illinois and has approximately 14,000 employees in approximately 20 different countries. For more information, visit www.aptar.com.
Our business was started in the late 1940's, manufacturing and selling aerosol valves in the United States, and has grown through acquisitions and organic growth. In this report, we may refer to AptarGroup, Inc. and its subsidiaries as "AptarGroup," "Aptar" or the "Company."
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.78B | $3.58B | $3.49B | $3.32B | $3.23B | $2.93B | $2.86B | $2.76B | $2.47B | $2.33B |
| Gross profit | — | — | — | — | — | $906.0M | $874.4M | $795.5M | $723.5M | $687.4M |
| R&D | $105.1M | $96.1M | $92.8M | $93.5M | $99.8M | $92.5M | $82.8M | $75.3M | $68.2M | $66.2M |
| Total operating expenses | $3.28B | $3.09B | $3.08B | $2.94B | $2.88B | $2.59B | $2.49B | $2.48B | $2.15B | $2.02B |
| Operating income | $501.0M | $496.5M | $404.0M | $379.3M | $347.3M | $339.5M | $371.7M | $286.3M | $323.5M | $313.7M |
| Interest expense | $52.7M | $43.9M | $40.4M | $40.8M | $30.3M | $33.2M | $35.5M | $32.6M | $40.6M | $35.2M |
| Pre-tax income | $491.4M | $469.8M | $374.8M | $334.7M | $321.7M | $301.2M | $342.1M | $266.0M | $294.8M | $280.5M |
| Income tax | $98.9M | $95.6M | $90.6M | $95.1M | $78.0M | $87.1M | $99.8M | $71.3M | $74.8M | $74.9M |
| Net income | $392.8M | $374.5M | $284.5M | $239.3M | $244.1M | $214.0M | $242.2M | $194.8M | $220.0M | $205.6M |
| EPS, basic | 5.97 | 5.65 | 4.34 | 3.66 | 3.72 | 3.32 | 3.81 | 3.12 | 3.52 | 3.27 |
| EPS, diluted | 5.89 | 5.53 | 4.25 | 3.59 | 3.61 | 3.21 | 3.66 | 3.00 | 3.41 | 3.17 |
| Shares, diluted (wtd. avg.) | $66.7M | $67.7M | $66.9M | $66.7M | $67.7M | $66.7M | $66.2M | $65.0M | $64.6M | $64.8M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $402.4M | $223.8M | $223.6M | $142.7M | $122.9M | $305.0M | $247.0M | $266.8M | $712.6M | $466.3M |
| Short-term investments | $7.1M | $2.3M | $0 | $0 | $740.0K | $243.0K | $0 | — | — | — |
| Receivables | — | $658.1M | $677.8M | $677.0M | $671.0M | $567.0M | — | — | — | — |
| Inventory | $537.8M | $461.8M | $513.1M | $486.8M | $441.5M | $379.4M | $375.8M | $381.1M | $337.2M | $296.9M |
| Total current assets | $1.89B | $1.48B | $1.55B | $1.43B | $1.36B | $1.37B | $1.29B | $1.33B | $1.67B | $1.27B |
| Property, plant and equipment | $1.68B | $1.45B | $1.48B | $1.34B | $1.28B | $1.20B | $1.09B | $991.6M | $867.9M | $784.3M |
| Goodwill | $1.08B | $936.3M | $963.4M | $945.6M | $974.2M | $898.5M | $763.5M | $712.1M | $443.9M | $407.5M |
| Other intangibles | $255.3M | $254.8M | $283.2M | $315.7M | $362.3M | $344.3M | $291.1M | $254.9M | $95.5M | $94.5M |
| Total assets | $5.25B | $4.43B | $4.45B | $4.20B | $4.14B | $3.99B | $3.56B | $3.38B | $3.14B | $2.61B |
| Short-term debt | $183.9M | $176.0M | $81.8M | $3.8M | $147.3M | $52.2M | $44.3M | $101.3M | $4.3M | $169.2M |
| Total current liabilities | $1.17B | $1.07B | $1.25B | $917.2M | $982.5M | $780.3M | $683.3M | $689.2M | $527.7M | $543.0M |
| Retained earnings | $2.64B | $2.37B | $2.11B | $1.93B | $1.79B | $1.64B | $1.52B | $1.37B | $1.30B | $1.20B |
| Total equity | $2.67B | $2.47B | $2.32B | $2.07B | $1.98B | $1.85B | $1.57B | $1.42B | $1.31B | $1.17B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $570.0M | $643.4M | $575.2M | $478.6M | $363.4M | $570.2M | $514.5M | $313.6M | $324.7M | $325.3M |
| Depreciation and amortisation | $287.4M | $263.8M | $248.6M | $233.7M | $234.9M | $220.3M | $194.6M | $171.7M | $153.1M | $154.8M |
| Stock-based compensation | $43.9M | $47.6M | $41.3M | $40.9M | $38.9M | $34.1M | $23.9M | $19.6M | $18.9M | $19.8M |
| Capital expenditure | $270.4M | $276.5M | $312.3M | $310.4M | $307.9M | $246.0M | $242.3M | $211.3M | $156.6M | $129.0M |
| Investing cash flow | -$331.4M | -$396.7M | -$324.5M | -$295.6M | -$457.2M | -$452.0M | -$336.3M | -$735.5M | -$224.8M | -$300.5M |
| Financing cash flow | -$77.5M | -$225.3M | -$171.6M | -$162.1M | -$81.5M | -$73.7M | -$197.1M | -$14.9M | $114.8M | -$29.7M |
| Dividends paid | $120.8M | $114.1M | $103.7M | $99.5M | $98.5M | $92.7M | $90.2M | $82.3M | $79.9M | $76.7M |
| Buybacks | $365.0M | $68.6M | $47.6M | $92.1M | $78.1M | $0 | $86.5M | $3.9M | $120.5M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000896622-26-000007.
Others in SIC 3089
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| ENTG | ENTEGRIS INC | $21.20B | 89.5x | -1.4% |
| AWI | ARMSTRONG WORLD INDUSTRIES INC | $7.33B | 24.5x | 12.1% |
| NWL | NEWELL BRANDS INC. | $2.60B | — | -5.0% |
| MYE | MYERS INDUSTRIES INC | $1.20B | 34.2x | -1.3% |
| KRT | Karat Packaging Inc. | $964.5M | 31.0x | 10.7% |
| SWIM | Latham Group, Inc. | $835.3M | 78.9x | 7.4% |
| CMT | CORE MOLDING TECHNOLOGIES INC | $213.4M | 18.7x | -9.5% |
| DSWL | DESWELL INDUSTRIES INC | — | — | -9.3% |